LendUp Stock
Alternative to payday loans
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About LendUp Stock
LendUp’s mission is to provide anyone with a path to better financial health. We build technology, credit products and educational experiences for the 56% of the US population who are shut out of mainstream banking because of poor credit or volatile incomes. All of our technology is built in-house. We currently offer several types of credit products, including loans and credit cards. We embed education into our products, and where available, credit building opportunities, to help borrowers improve their long-term financial health and break out of vicious debt cycles. We were founded by two step-brothers, CEO Sasha Orloff and CTO Jake Rosenberg. Sasha puts the “fin” in fintech, having worked at Citi, World Bank, and Grameen Bank. Jake puts the “tech” in fintech; he was a platform CTO at Zynga at 29 and began working at Yahoo! at age 16, as employee #80.
Investors
Andreessen Horowitz
Lyft, Robinhood, Databricks, Airbnb, Instacart, Stripe, Magic Leap, Anduril Industries, Rappi, CoinSwitch Kuber
Data Collective
Databricks, Plenty, Zymergen, Checkr, SentinelOne, Illumio, SingleStore, Planet, Alation, Tala
GV
Uber, Robinhood, Jet, Impossible Foods, Lacework, Slack, Snyk, SambaNova Systems, DocuSign, Gusto
Kleiner Perkins Caufield & Byers
Snap, AppDynamics, Spotify, Instacart, Stripe, Magic Leap, DoorDash, Bloom Energy, Slack, Brex
Paypal
QED Investors
SoFi, Avant, Nubank, Roofstock, Remitly, MediaMath, Optoro, Signifyd, GreenSky, Prosper Marketplace
Susa Ventures
Flexport, Human Interest, Andela, TigerGraph, Policygenius, LendUp, Mux, Fast, Modsy
SV Angel
Snap, Instacart, Stripe, Anduril Industries, DoorDash, Reddit, Zenefits, Pinterest, Opendoor, Slack
Thomvest Ventures
Clari, Figure, Kabbage, Tala, Credijusto, LendUp, Ecobee, Cylance, Harness, PeerStreet
Funding History
April 2012 | $4.6M |
---|---|
October 2013 | $14.3M |
November 2014 | $10.3M |
March 2015 | $59.1M |
May 2016 | $99.7M |
Management
Chief Executive Officer
Anu Shultes
Press
Bank Innovation - Feb, 4 2020
LendUp focuses on underserved, issues $2B in loansWall Streets Journal - Sep, 16 2019
Subprime Credit-Card Startup Mission Lane Raises $500 Million After Separating from LendUpPR Newswire - Aug, 1 2019
LendUp Names Chris Lewis and Gizelle Barany to Executive Teamfinsmes - Jan, 14 2019
LendUp Receives Investment; Launches Credit Card Businessamericanbanker - Jan, 10 2019
LendUp spins off credit card business, names new CEOEquityZen does not have an affiliation with, formal relationship with, or endorsement from any companies featured above. This profile is based on publicly available information and is intended to be informative in nature.
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